New York State Common Retirement Fund lowered its position in shares of Bank Mutual Corporation (NASDAQ:BKMU) by 0.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,700 shares of the financial services provider’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned 0.08% of Bank Mutual Corporation worth $354,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in Bank Mutual Corporation by 0.5% during the 1st quarter. Geode Capital Management LLC now owns 340,493 shares of the financial services provider’s stock worth $3,200,000 after acquiring an additional 1,582 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in Bank Mutual Corporation by 9.3% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 31,840 shares of the financial services provider’s stock worth $299,000 after acquiring an additional 2,717 shares during the last quarter. Texas Permanent School Fund boosted its position in Bank Mutual Corporation by 1.4% during the 2nd quarter. Texas Permanent School Fund now owns 30,852 shares of the financial services provider’s stock worth $282,000 after acquiring an additional 417 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Bank Mutual Corporation by 5.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 173,224 shares of the financial services provider’s stock worth $1,629,000 after acquiring an additional 8,550 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in Bank Mutual Corporation by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the financial services provider’s stock worth $157,000 after acquiring an additional 100 shares during the last quarter. 56.56% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on BKMU shares. Hovde Group downgraded Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 price target for the company. in a research report on Friday, July 21st. BidaskClub downgraded Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Bank Mutual Corporation in a research report on Sunday, July 23rd. Finally, Zacks Investment Research downgraded Bank Mutual Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th.

Shares of Bank Mutual Corporation (BKMU) opened at $10.25 on Friday. Bank Mutual Corporation has a 12 month low of $8.55 and a 12 month high of $10.80. The stock has a market capitalization of $469.29, a P/E ratio of 28.33, a PEG ratio of 5.56 and a beta of 0.57. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.04 and a current ratio of 1.05.

Bank Mutual Corporation (NASDAQ:BKMU) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Bank Mutual Corporation had a return on equity of 5.72% and a net margin of 14.19%. The company had revenue of $24.94 million for the quarter, compared to the consensus estimate of $24.50 million. During the same quarter in the prior year, the company earned $0.10 EPS. research analysts forecast that Bank Mutual Corporation will post 0.37 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Thursday, November 16th. Bank Mutual Corporation’s dividend payout ratio is currently 64.71%.

In related news, VP Gregory A. Larson sold 17,900 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $10.60, for a total value of $189,740.00. Following the sale, the vice president now owns 117,144 shares in the company, valued at approximately $1,241,726.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael W. Dosland sold 32,493 shares of the stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $10.53, for a total value of $342,151.29. Following the completion of the sale, the insider now owns 36,907 shares in the company, valued at approximately $388,630.71. The disclosure for this sale can be found here. Corporate insiders own 10.00% of the company’s stock.

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Bank Mutual Corporation Company Profile

Bank Mutual Corporation is a savings and loan holding company. The Company owns Bank Mutual (the Bank), a federally-chartered savings bank. The Bank is engaged in the business of community banking, which includes attracting deposits from and making loans to the general public and private businesses, as well as governmental and non-profit entities.

Institutional Ownership by Quarter for Bank Mutual Corporation (NASDAQ:BKMU)

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